ValuEngine upgraded shares of Fang (NYSE:SFUN) from a sell rating to a hold rating in a research note released on Monday, February 4th.
A number of other research firms have also recently commented on SFUN. Zacks Investment Research restated a buy rating and issued a $2.25 price target on shares of Fang in a report on Thursday, November 15th. Credit Suisse Group reduced their price target on shares of Fang from $3.20 to $1.60 and set an underperform rating for the company in a report on Sunday, December 9th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $2.24.
Shares of SFUN stock traded down $0.03 during trading hours on Monday, hitting $1.53. 433,711 shares of the company’s stock traded hands, compared to its average volume of 685,606. Fang has a 12 month low of $1.20 and a 12 month high of $5.69. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market capitalization of $651.09 million, a P/E ratio of 76.50 and a beta of 1.29.
Fang (NYSE:SFUN) last posted its quarterly earnings results on Friday, November 30th. The information services provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The company had revenue of $83.60 million during the quarter, compared to analyst estimates of $97.81 million. Fang had a positive return on equity of 10.25% and a negative net margin of 16.21%. The company’s revenue for the quarter was down 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 earnings per share. As a group, sell-side analysts forecast that Fang will post -0.05 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Fosun International Ltd raised its position in shares of Fang by 1.8% in the fourth quarter. Fosun International Ltd now owns 15,968,519 shares of the information services provider’s stock valued at $22,835,000 after purchasing an additional 281,074 shares during the period. Morgan Stanley grew its stake in Fang by 0.5% during the third quarter. Morgan Stanley now owns 13,106,479 shares of the information services provider’s stock valued at $33,946,000 after acquiring an additional 70,223 shares in the last quarter. BlackRock Inc. grew its stake in Fang by 2.0% during the third quarter. BlackRock Inc. now owns 9,771,375 shares of the information services provider’s stock valued at $25,310,000 after acquiring an additional 192,122 shares in the last quarter. Krane Funds Advisors LLC grew its stake in Fang by 31.6% during the third quarter. Krane Funds Advisors LLC now owns 2,685,352 shares of the information services provider’s stock valued at $6,955,000 after acquiring an additional 644,057 shares in the last quarter. Finally, River & Mercantile Asset Management LLP grew its stake in Fang by 132.7% during the third quarter. River & Mercantile Asset Management LLP now owns 2,405,329 shares of the information services provider’s stock valued at $6,242,000 after acquiring an additional 1,371,572 shares in the last quarter. Hedge funds and other institutional investors own 40.73% of the company’s stock.
Fang Company Profile
Fang Holdings Limited operates a real estate Internet portal in the People's Republic of China. The company's portal offers listing, marketing, e-commerce, financial, and other value-added services. It supports active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors.
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